Reports Q2 revenue $486M, consensus $424.77M. Reports Q2 tangible book value per share $58.81. Chairman and CEO Jay Bray commented, “Our results show very strong momentum including continued portfolio growth, rising returns on tangible equity, and strong margins in both servicing and operations, while Xome generated higher sales this quarter. Investors should take the Board’s decision to increase our stock repurchase authorization by $200 million as a signal of our confidence in the outlook.”
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